In January 2024, the euro space seasonally-adjusted unemployment price was 6.4%, down from 6.5% in December 2023 and from 6.6% in January 2023. The EU unemployment price was 6.0% in January 2024, secure in contrast with December 2023 and down from 6.1% in January 2023. These figures are printed by Eurostat, the statistical workplace of the European Union.
Eurostat estimates that 13.144 million individuals within the EU, of whom 11.009 million within the euro space, have been unemployed in January 2024.
In January 2024, 2.898 million younger individuals (below 25) have been unemployed within the EU, of whom 2.315 million have been within the euro space. In January 2024, the youth unemployment price was 14.9% within the EU and 14.5% within the euro space, each secure in comparison with the earlier month.
In January 2024, the unemployment price for ladies was 6.3% and the unemployment price for males was 5.7% within the EU, each secure in contrast with the earlier month. Within the euro space, the unemployment price for ladies was 6.8% and the unemployment price for males was 6.1%, each secure in contrast with December 2023.
The estimates on this Information Launch are primarily based on the globally used Worldwide Labour Organisation (ILO) normal definition of unemployment, which counts as unemployed individuals with out a job who’ve been actively looking for work within the final 4 weeks and can be found to begin work throughout the subsequent two weeks.
To seize in full the labour market scenario, the info on unemployment have been complemented by extra indicators, e.g. underemployed part-time employees, individuals looking for work however not instantly obtainable and individuals obtainable to work however not looking for, launched along with LFS knowledge for the third quarter of 2023.
LFS knowledge for the fourth quarter of 2023 might be launched on 15 March 2024.
Notes for customers
Revisions and timetable
The info on this Information Launch may be topic to revisions, attributable to updates to the seasonally adjusted collection every time new month-to-month knowledge are added; the inclusion of the newest LFS knowledge within the calculation course of; replace of seasonal adjustment fashions with full annual knowledge.
In contrast with the charges printed in Information Launch of 1 February 2024, the December 2023 unemployment price for the EU has been revised from 5.9% to six.0% and the unemployment price for the euro space has been revised from 6.4% to six.5%. Amongst EU Member States, the speed has been revised by greater than 0.1 share factors (pp) downwards for Slovenia (by 0.8 pp), Eire (by 0.4 pp), Croatia (by 0.3 pp) in addition to for Austria and Slovakia (by 0.2 pp every). The speed has been revised by greater than 0.1 share factors (pp) upwards for Greece (by 1.2 pp), Lithuania (by 0.7 pp), Estonia (by 0.6 pp), Latvia (by 0.4 pp), France and Poland (by 0.3 pp every) in addition to for Cyprus and Romania (by 0.2 pp every).
Nation notes
Germany, the Netherlands, Finland, Sweden in addition to Iceland and Norway: the development part is used as a substitute of the extra unstable seasonally adjusted knowledge.
Estonia and Portugal: 3-month transferring averages of LFS knowledge are used as a substitute of pure month-to-month indicators.
Denmark: change of estimation technique for December 2023 unemployment ranges solely, utilizing register knowledge as auxiliary info.
Strategies and definitions
Eurostat publishes harmonised unemployment charges for particular person EU Member States, the euro space and the EU. These unemployment charges are primarily based on the definition beneficial by the Worldwide Labour Organisation (ILO). The measurement relies on a harmonised knowledge supply, the European Union Labour Drive Survey (LFS).
Primarily based on the ILO definition, Eurostat defines unemployed individuals as individuals aged 15 to 74 who:
The unemployment price is the variety of individuals unemployed as a share of the labour power.
The labour power is the whole variety of individuals employed plus unemployed. On this information launch unemployment charges are primarily based on employment and unemployment knowledge protecting individuals aged 15 to 74.
The youth unemployment price is the variety of individuals aged 15 to 24 unemployed as a share of the labour power of the identical age. Due to this fact, the youth unemployment price shouldn’t be interpreted because the share of jobless individuals within the general youth inhabitants.
When knowledge for the newest month should not obtainable for a Member State, EU and EA aggregates are calculated utilizing the most recent knowledge obtainable for that Member State.
Geographical info
Euro space (EA20): Belgium, Germany, Estonia, Eire, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
European Union (EU27): Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Eire, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.
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